Cybersecurity Funding in 2024: Rise in Investment Signals VC Funding Stabilization, Pinpoint Search Group’s Report Finds | PR Newswire [Video]
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Cybersecurity Funding in 2024: Rise in Investment Signals VC Funding Stabilization, Pinpoint Search Group’s Report Finds | PR Newswire [Video]

, /PRNewswire/ — Pinpoint Search Group, a leading cybersecurity recruitment firm in the U.S., has released its annual report on cybersecurity funding for 2024. The report reveals a 9 percent increase in the total amount of funding raised compared to 2023, indicating that venture capital (VC) funding for cybersecurity vendors is stabilizing.

In 2024, Pinpoint Search Group’s research team recorded 383 transactions in the cybersecurity vendor space, totaling $9.5 billion across 304 funding rounds and 79 M&As. This represents a 9 percent rise in fundraising compared to $8.7 billion in 2023, despite a 12 percent decrease in transaction volume from 346 in the previous year.

The final quarter of the year showcased similar trends. In Q4 2024, the cybersecurity industry secured $1.7 billion in funding, marking a 7 percent increase compared to Q4 2023. The quarter saw a 34 percent dip in transaction volume, from 85 funding rounds in Q4 2023 to 56 rounds in Q4 2024.

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